Data from Polymarket showed one user with a recently opened account made more than $30,000 exclusively through bets on the peace prize winner. Norwegian officials have reportedly launched an investigation into prediction platforms’ bets on 2025 Nobel Peace Prize winner María Corina Machado as potential espionage. According to a Bloomberg report on Monday, the Norwegian Nobel Institute, the entity that assists the Nobel Committee in selecting the peace prize recipient, began investigating reports that bets on the prediction platform Polymarket surged in the hours before the announcement of Machado as the winner. Officials are reportedly still in the process of investigating whether someone “managed to steal information and made a lot of money from it,” according to the institute’s director, Kristian Berg Harpviken. Read more
Bitcoin and the major altcoins witnessed solid buying at lower levels, but a sustained relief rally is unlikely as the bears are expected to sell at higher levels. Key points: Bitcoin and several altcoins have bounced off their Friday lows, but higher levels are likely to attract solid resistance from the bears. BTC price and select altcoins could see rangebound action for a few days. Read more
Bitcoin stopped short of a full rebound at $116,000 as traders monitored whale activity and several key BTC price support levels. Key points: Bitcoin chops around $114,000 as a whale expects more BTC price losses next. Price pressures short-term holders, who have their cost basis just below the $114,000 mark. Read more
Analysts say confusion over China’s export rules briefly rattled markets before Bitcoin miners led a swift recovery on Monday. Shares of Bitcoin mining companies rose sharply on Monday, recovering from losses sustained during Friday’s flash crash that analysts attributed to US President Donald Trump’s apparent misunderstanding of new Chinese export controls. Bitfarms (BITF) and Cipher Mining (CIFR) led the rally, each posting double-digit gains. Hut 8 Mining (HUT), IREN (IREN) and MARA Holdings (MARA) also climbed more than 4%, while Core Scientific (CORZ) and Riot Blockchain (RIOT) traded broadly higher at the start of the session. The rebound followed a steep sell-off on Friday after Trump announced plans to impose 100% tariffs on Chinese imports, stoking fears of an escalating trade war. The president’s comments, however, were later revealed to be based on a misunderstanding of China’s new export measures. Trump subsequently walked back his remarks over the weekend. Read more